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Saudi Prince's 100 mln pounds London home up for sale

[email protected] (PTI)
July 30, 2013

London, Jul 30: Want to rub shoulders with billionaires and live life king-size?

A Saudi Prince is reportedly selling his palatial house which is located close to where Prince William and wife Kate Middleton, Indian steel magnate Lakshmi Mittal and the Sultan of Brunei stay.palace

The house is priced at 100 million pounds and if the deal goes ahead it will be one of the most expensive houses ever sold in the UK, but would-be buyers have been sworn to secrecy.

Prince Abdul Aziz bin Fahd, the favourite son of the late King Fahd who led Saudi Arabia for 23 years, is understood to be trying to sell 5 Palace Green in Kensington, The Times reported.

Knight Frank, the estate agent to the rich, is believed to have approached a number of potential buyers who have signed confidentiality agreements.

The house is located at the southern end of Kensington Palace Gardens, which is Britain's most expensive street and often referred to as "Billionaires' Row".

The guarded street is home to embassies and some of the world's richest tycoons including the Sultan of Brunei, the Ukrainian-born American businessman Len Blavatnik, the steel magnate Lakshmi Mittal and his family, and Jon Hunt, the founder of Foxtons estate agent.

Houses in Kensington Palace Gardens, prized for its exclusivity and security and its large mansions and gardens, can be more than 6,000 pounds a sq ft in value.

The owners of the 29 homes along Billionaires' Row also live yards from Kensington Palace. Such has been the demand in recent years for homes on this small stretch of southwest London that the total value of the homes there has soared to more than 3.5 billion pounds— higher in value than all the 2,600 homes in Chipping Norton, David Cameron's constituency home in Oxfordshire.

Prince Abdul Aziz bin Fadh's 5 Palace Green is a detached, listed building designed in 1905 by the architect Edward Prioleau Warren.

The three-storey red brick building has Portland stone dressings and a central entrance beneath a gabled façade, large gate piers and iron railings. The interior is understood to have marble staircases with wrought-iron balustrades.

Prince Abdul Aziz bin Fadh also owns 12 Kensington Palace Gardens, which has belonged to the Saudi royal family since the late 1970s. It is understood that buyers have made speculative approaches to buy this house, which is valued at about 150 million pounds.

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Agencies
August 7,2020

Colombo, Aug 7: Sri Lankan President Gotabaya Rajapaksa's party and its allies won an overwhelming two-thirds majority in a parliament election, results showed on Friday, giving him the power to enact sweeping changes to the constitution.

The governing Sri Lanka Podujana Peramuna and its allies had won 150 seats in the 225-member parliament, according to the tally published by the election commission from Wednesday's vote.

Rajapaksa had sought a two-thirds majority in parliament to be able to restore full executive powers to the presidency, which he says are necessary to implement his agenda to make the tiny island economically and militarily secure.

He is likely to install his older brother and former President Mahinda Rajapaksa as the next prime minister. The brothers are best known for crushing the Tamil Tiger rebels fighting for a separate homeland for minority Tamils during the elder Rajapaksa's presidency in 2009.

On a congratulatory phone call from Prime Minister Narendra Modi of India, which is keen to check Chinese influence on its southern neighbour, Mahinda Rajapaksa vowed to deepen ties between the two countries.

"With the strong support of the people of Sri Lanka, I look forward to working with you closely to further enhance the long-standing cooperation between our two countries," he told Modi. "Sri Lanka and India are friends and relations."

The tourism-dependent nation of 21 million people has been struggling economically since deadly Islamist militant attacks on hotels and churches last year followed by lockdowns to slow the spread of the coronavirus. 

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News Network
July 1,2020

Washington, Jul 1: The United States has approved four coronavirus vaccine candidates for clinical trials, Food and Drug Administration (FDA) head Stephen Hahn told reporters.

"Four vaccines have been approved for moving into clinical trials... and another six are in the pipeline for us to review," Hahn said during a press briefing on Tuesday.

The US Administration launched in May Operation Warp Speed, a joint project of Health and Defense Departments, which aims to deliver 300 million doses of a vaccine for COVID-19 by January 2021.

The country's top pandemics expert Anthony Fauci warned on Tuesday, however, that there is no certainty the United States will be able to develop a vaccine against COVID-19 that works and will be safe.

Data on vaccine effectiveness, he added, may be available in the winter or early next year.

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Agencies
July 13,2020

New Delhi, Jul 13: Google CEO Sundar Pichai on Monday announced an investment of Rs 75,000 crore or approximately US$10 billion into India over the next five to seven years through 'Google for India Digistation Fund'.

This move is significant as it comes in the middle of the COVID-19 pandemic and as multinational companies across the world look at alternative investment destinations.

"Excited to announce Google for India Digitisation Fund. Through it, we will invest Rs 75,000 crore or approx US$10 Billon into India over the next 5-7 yrs. We'll do this through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments," said Pichai.

Pichai along with Union Minister Ravi Shankar Prasad virtually attended the sixth annual edition of Google for India.

"This is a reflection of our confidence in the future of India and its digital economy," said Pichai.
He added that the investments will focus on four areas important to India's digitisation.

Listing out the areas, Pichai elaborated, "First enabling affordable access and information to every Indian in their own language. Second, building new products and services that are deeply relevant to India's unique needs. Third, empowering businesses as they continue or embark on the digital transformation. Fourth, leveraging technology in AI for social good in areas like health, education and agriculture."

"When I was young, every piece of technology brought new opportunities to learn and grow but I always had to wait for it to arrive from some places. Today people in India no more have to wait for technology to come to you. A whole new generation of technologies is happening in India first," said Pichai.

Earlier today Prime Minister Narendra Modi interacted with Pichai and discussed a range of subjects like a new work culture in coronavirus times, data security and cyber safety.

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